Book value is only 13.00 ?? Competition will kill them
There are a lot of resellers that have either been chopped by VM or Just plain left them due to not being able to make any money.. So looks like they are admitting competition is going to hurt..
HPQ going into cloud software will hurt, MSFT can outright kill them, MSFT has all the seat licenses, so why not support their customers.. Dell will most likely do the same.. IMO its a day to sell and bail for good..free cash flow could drop another 25%, But the big thing, VM has really made the fund managers take a second look at their future-- Is this another HPQ ??? I don't think things are going to get better.. Short position YES